Lido Dao provides staking infrastructure to various networks, especially the liquid staking of Ethereum. It allows users to stake Ethereum and get stETH in return. The native token LDO is used as a governance token for the Lido Dao. The Lido ecosystem has observed a significant growth in their network activity. Lets have a look at its ecosystem
The technical chart of Lido DAO (LDO) highlights the rollercoaster price action. At the time of its initial launch, LDO token faced a significant downfall to the support zone around $0.50. This presented a rational buying opportunity for investors which resumed its bullish momentum and resulted in a new peak formation of around $3.00. The underlying fundamental...